Sun Belle Purchases Miami Warehouse Building

Miami, FL – January 18, 2007 – ComReal recently handled the sale of the Horizon Farms’ warehouse, located at 2000 NW 70th Avenue in Miami, Florida. The 16,000 square-foot refrigerated Miami warehouse building was sold by Jim & John Realty/Horizon Farms and bought by the Illinois-based berries importer, Sun Belle Inc./Honey Mountain, LLC, for $1,450,000. Sun Belle was located in a smaller warehouse space nearby; so this was for an expansion. Horizon Farms is owned by George Lebberes, whose father began selling flowers on the streets of New York with only a pushcart. Years later, his family owned and farmed more than 200 acres in Ecuador and soon became one of the largest flower importers into the United States, known as K and T or Horizon Farms. George Lebberes is credited by many as having created the U.S. flower importation business. The city of Miami imports 70% of all flowers brought into the entire United States. The Lebberes Family was represented in the sale of this warehouse by ComReal’s Ed Redlich, P.A., CCIM.

Ed Redlich stated, “There are few, free-standing warehouse buildings available of this size within such close proximity to the airport. The transport times are much less between the time the cargo is removed from the airplane to the time it reaches the warehouse. This makes the property even more valuable to those businesses which distribute perishables, such as flowers and produce, that must be refrigerated in a warehouse with coolers. This is a good investment for both the business and in the real estate.”